President Vladimir Putin has extended the freeze of the funded part of pensions until 2024. The corresponding law has been published on the official Internet portal of legal information.
The funded pension has been frozen since 2014 – deductions in the amount of 6% of salaries go to the insurance part: for payments to current pensioners.
On January 1, 2019, amendments to the pension legislation came into force in Russia. In particular, it is planned to gradually (until 2028) increase the retirement age for men – from 60 to 65 years, for women – from 55 to 60 years.
We add that the head of the Bank of Russia Elvira Nabiullina had to apologize for the words of her first deputy Sergei Shvetsov about pensioners. He advised pensioners “not to rely only on the state” and said that the situation “when a person retired, relying entirely on the state, this is called socialism.” And now we must strive to move away from such a system by adjusting pension institutions and encouraging citizens’ own savings. Shvetsov also advised “to buy real estate” in order to rent it out in the future, however, without specifying how much money people should use to buy this “real estate”.
After the “wave of popular anger,” Nabiullina assured that providing all Russian citizens with a decent pension is one of the state’s priorities.
Source: Rosbalt
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